HHM Wealth Advisors LLC Has $1.87 Million Stake in Visa Inc. (NYSE:V)

HHM Wealth Advisors LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 161.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,907 shares of the credit-card processor’s stock after purchasing an additional 3,648 shares during the period. HHM Wealth Advisors LLC’s holdings in Visa were worth $1,867,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Custom Index Systems LLC bought a new stake in shares of Visa during the third quarter worth approximately $731,000. Copley Financial Group Inc. bought a new stake in Visa in the third quarter valued at approximately $616,000. Oak Ridge Investments LLC increased its stake in Visa by 5.9% in the fourth quarter. Oak Ridge Investments LLC now owns 75,456 shares of the credit-card processor’s stock valued at $23,847,000 after purchasing an additional 4,198 shares in the last quarter. FORA Capital LLC bought a new stake in Visa in the third quarter valued at approximately $7,987,000. Finally, Chicago Capital LLC increased its stake in Visa by 5.2% in the third quarter. Chicago Capital LLC now owns 404,914 shares of the credit-card processor’s stock valued at $111,331,000 after purchasing an additional 20,023 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Insider Transactions at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $2,930,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,983 shares of company stock worth $7,213,146. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

V has been the subject of several recent analyst reports. Citigroup upped their target price on shares of Visa from $354.00 to $393.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Royal Bank of Canada upped their target price on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Barclays increased their price objective on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday. Wells Fargo & Company increased their price objective on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Piper Sandler reissued an “overweight” rating and set a $383.00 price objective (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.73.

Visa Stock Performance

NYSE V opened at $345.31 on Wednesday. The firm has a 50-day moving average of $318.40 and a 200-day moving average of $293.81. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12. The stock has a market cap of $643.27 billion, a PE ratio of 34.81, a P/E/G ratio of 2.30 and a beta of 0.97. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $351.25.

Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, sell-side analysts anticipate that Visa Inc. will post 11.2 EPS for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s dividend payout ratio is presently 23.79%.

About Visa

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.